Bitcoin Faces Key Resistance After 10% Weekly Rally
- Bitcoin surged over 10% in the past week, reaching a three-month high of $105,500.
- The cryptocurrency surpassed the $100,000 barrier for the first time since February.
- BTC faced resistance at $104,500, pausing its rally after closing at $104,118.
- Analyst Rekt Capital noted Bitcoin needs to reclaim $104,500 as support for further uptrend confirmation.
- Bitcoin is trading at approximately $102,234 on the one-week chart.
Bitcoin’s recent surge above $100,000 has hit a resistance level at $104,500. To confirm an uptrend continuation and potentially reach new all-time highs, Bitcoin must hold this level as support according to market analysis.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-faces-key-resistance-after-10-weekly-rally-confirmation-or-rejection-next/?rand=52377
